US ElectraTherm gets USD 982,000 state aid for geothermal R&D
(ADPnews) - Sep 21, 2010 - US waste heat recovery firm ElectraTherm Inc announced yesterday that it has bagged some USD 982,000 (EUR 751,649) in government funding for R&D of a pilot heat-to-power technology using co-produced fluids.
The company is one of seven recipients to share USD 20 million (EUR 15m) allotted by the US Department of Energy (DoE) in a bid to unearth the country's geothermal energy potential.
ElectraTherm said it will use the monies for the demonstration of a low-cost, small-scale power plant that generates electricity from the heat co-produced in geothermal brine. The site is planned to be set up at Florida Canyon Mine in Imlay, Nevada.
Besides government funding, the company itself is providing recipient cost share to the amount of approximately USD 500,000 for the project.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.